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The Nigeria Inter-Bank Settlement Systems (NIBSS) has reported a significant rise in mobile money transactions, revealing that licensed operators, including Palmpay, OPay, and 15 others, processed N41.5 trillion in transactions …
Opay, Palmpay, others process N41.5trn mobile money transactions Read More
The Guaranty Trust Holding Company (GTCO has described as false certain news item against its business activities, results and its management team. The bank said it would use “the full …
News reports against our business activities, results false – GTCO Read MoreAhead of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meeting, financial experts are calling for a pause on interest rate hikes to stabilize Nigeria’s fragile economy. The …
MPC meeting: Experts urge CBN to halt interest rate hikes as inflation eases Read More
As part of activities to mark its 75th anniversary of delivering excellent services and driving global impact, Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled the UBA …
UBA unveils Time Capsule, Tribe Photo Wall Read More
In a bid to support the Central Bank of Nigeria’s recapitalisation programme towards achieving the targeted objectives, the Securities and Exchange Commission (SEC) has released its Framework on Banking Sector …
SEC issues framework on banking sector recapitalisation Read More
With the volatility in the foreign exchange market, and the knock-off effect it has had on the bank’s balance sheet, the CBN in a bid to protect the country’s financial …
Recapitalisation: Building buffers for Nigerian banks Read MoreNigeria’s economy is still writhing from the pains inflicted on it by the decision of the Central Bank of Nigeria (CBN) to redesign the naira. It will take several months …
Where are the new naira notes? Read MoreThe Central Bank of Nigeria (CBN) has described a report that it plans to phase-out the redesigned N1000, N500 and N200 naira notes as a ploy by vested interest to …
No plan to phase out redesigned naira notes – CBN Read More
The Central Bank of Nigeria (CBN) has released an exposure draft of the guidelines for change of operating licence for banks and other financial institutions (OFIs). In a circular signed …
CBN releases exposure draft for banks seeking change of operating licence Read More
Long queues being experienced in the nation’s banks in the last two months has reduced following the increase in cash payment to the customers The reduction in the number of …
Long queues disappear gradually as banks’ cash payment to customers improves Read More
Despite concerns from economists and experts regarding outstanding loans, the Central Bank of Nigeria (CBN) increased its loans to the government by N3.77 trillion during the first two months of …
CBN increases loans to FG by N3.77trn in two months Read MoreSeveral days after the Central Bank of Nigeria (CBN) ordered banks and the general public to obey the Supreme Court judgment extending the legal tender status of N500 and N1,000 …
MPR: An unnecessary hike Read MoreThe Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has has said that various cases of failed transaction on e-payment of Deposit money Banks platform are being resolved. …
CBN assures on safety of Nigerian banks Read More
“Good management is the art of making problems so interesting and their solutions so constructive that everyone wants to get to work and deal with them” – Paul Hawken The …
Musings on new naira’s therapeutic powers Read MoreThe Central Bank of Nigeria (CBN) says it remains committed to its developmental mandate of stimulating access to finance for the real sector, disclosing that total repayments as of the …
Loan repayment under ABP stands at 52.39% – CBN Read More
There has been sorrow and tears for Nigerians who have found it difficult to access cash from their banks due to the Naira re-design policy of the Central Bank of …
Naira re-design pains: Addressing the human angle perspective Read More
The scarcity of the new and old naira notes is crippling activities of Bureau de Change operators in Lagos as the country approaches the February 10 deadline for the complete …
BDC operators go cashless as Naira scarcity bites hard Read MoreData from the Central Bank of Nigeria (CBN) shows that Nigeria’s external reserves dropped to $37.9 billion as of Wednesday, October 12, 2022, from $38.8 billion on September 12, 2022. …
External reserve drops to $37.9bn Read More
Diaspora remittances between January and June 2022 into Nigeria hit $10.11 billion, representing a 9.6 per cent increase compared to $9.23 billion received in the corresponding period of 2021. According …
Nigeria’s diaspora remittances hit $10.1bn in H1 2022, 9.6% increase Read MoreThe full implication of the recent massive mopping by the Central bank of Nigeria (CBN) is beginning to materialize with the commercial banks hiking lending rates by a whopping three …
CBN massive mapping takes toil on banks, raises lending rate 3% Read MoreThe Central Bank of Nigeria (CBN) has said that about N5.3 trillion out of N9.3 trillion lent out under its intervention funds portfolio is not yet due for repayment. The …
CBN lends N9.3trn under intervention funds portfolio, N5.3trn not due for repayment Read More
The Central Bank of Nigeria (CBN) has granted to FBN Holdings’ subsidiary, First Pension Custodian Nigeria Limited (First Pension) the approval to acquire Access Pension Fund Custodian Limited. First Pension …
FBN Holdings gets regulator’s final approval to acquire Access Pension Read MoreThe Central Bank of Nigeria (CBN) has said that its RT200 policy has started yielding positive results as more commodities is now included in the country’s export ledger boosting the …
Introduction of RT200 scheme boosts non-oil export proceeds repatriation Read More
Encomiums poured in as eminent personalities from all walks of life converged in Ijebu Ode, Ogun State to bid farewell to Pa. Zacheus Olorunsola Odusanya, a.k.a Baba Kekere, the father …
Encomiums as top banker, Adeyemi Odusanya bids father farewell Read MoreThe Central Bank of Nigeria (CBN) slipped dairy products into its long, winding list of items that could no longer be imported with foreign exchange (forex) from its official window. …
How $1.5bn milk import bill discredits ban Read More